Around The State

October 3, 1985|By Bruce Carden

Five Florida sugar processors have defaulted on $105 million in government loans. The default means the five companies will forfeit their unsold sugar to the government which will attempt to sell it instead of collecting on the debt. The processors that defaulted are Okeelanta Corp., Osceola Farms, U.S. Sugar, the Sugar Cane Growers Cooperative of Florida and the Atlantic Sugar Association.